In 2018, Coinbase made its first major acquisition when it bought Earn.com for $100 million.
The following year, it bought Neutrino for $13 million and Xapo for $55 million. These acquisitions helped Coinbase expand its services and build out its infrastructure.
In 2020, Coinbase made two more acquisitions: Bison Trails for an undisclosed amount and Tagomi for $150 million. The Bison Trails acquisition was particularly interesting because it showed Coinbase’s commitment to expanding its services to meet the needs of institutional investors.
Bison Trails is a provider of enterprise-grade blockchain infrastructure-as-a-service (IaaS). It offers a platform that allows businesses to launch and operate their own blockchain networks.
The company has built a reputation for being one of the most reliable and easy-to-use IaaS providers in the industry.
Users should be aware that Coinbase has not provided any details on how they will be using the Bison Trails platform, what data they will be collecting, or how they plan to secure user funds in the future. As such, users should be cautious when using either service and take extra steps to safeguard their financial information and funds.
The acquisition of Bison Trails will help Coinbase meet the demands of its institutional clients who want to launch their own blockchain networks. It will also allow Coinbase to offer its clients a one-stop shop for all their blockchain needs.
The Tagomi acquisition, on the other hand, was designed to help Coinbase expand its presence in the institutional trading market. Tagomi is a digital asset trading platform that offers custody, execution, and prime brokerage services.
The acquisition will give Coinbase a much needed boost in the institutional trading market.
Why Did Coinbase Acquire Bison Trails?
Coinbase acquired Bison Trails because it is one of the leading providers of enterprise-grade blockchain infrastructure-as-a-service (IaaS). The acquisition will help Coinbase meet the demands of its institutional clients who want to launch their own blockchain networks.
It will also allow Coinbase to offer its clients a one-stop shop for all their blockchain needs.